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PhysicsWallah, India’s edtech unicorn, files for $437m IPO amid listing surge

Indian education technology platform PhysicsWallah has filed for an initial public offering worth 38.20 billion rupees ($437 million), draft papers showed, as the market for new listings picks up pace. India's ed-tech industry has weathered a challenging few years in which SoftBank-backed Unacademy and Tiger Global-backed Vedantu cut staff while Byju's US lenders pushed the … Read more

OpenAI to invest $10bn in developing its own AI chips

OpenAI is investing $10bn in a deal with US semiconductor firm Broadcom to develop its own artificial intelligence chips, according to reports in the Financial Times and Wall Street Journal. The partnership is aimed at reducing OpenAI’s reliance on Nvidia, whose processors currently dominate the AI industry. The new custom chips are expected to be … Read more

Tesla board proposes pay deal that could make Musk world’s first trillionaire

Tesla’s board on Friday proposed a pay and “performance” package that could make CEO Elon Musk the globe’s first trillionaire if the US electric vehicle maker meets required milestones under his leadership. The plan, which runs for 10 years and must be approved by shareholders, provides for the granting of shares to Musk based on … Read more

What to do if your relative’s WhatsApp has been hacked — a simple step-by-step guide

If a loved one’s WhatsApp gets hijacked, minutes matter. Here’s the clean, no-panic playbook you can follow, from the very first call to filing a report if money is involved. 1) Confirm it’s really a takeover Call your relative on a normal phone call (or meet in person). Don’t rely on WhatsApp to confirm; the … Read more